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Financial planning is a prioritized budget based on identifying financial goals and deciding how you will achieve them. Analysis and decision-making are integral parts of the financial planning cycle and should take place in every step. The lifetime total of all planning, analysis activities, and goal setting is what ultimately creates personal, family, and business financial success.
An all-inclusive financial plan includes your family budget, investments, insurance planning, tax planning, and estate planning. Each plays a role in securing your financial future and should be a part of each meeting with your advisor, however, insurance requires less active management than investment, retirement, or tax planning until a life-changing events occurs, such as marriage or the birth of a child. Also, after creating a will and centralizing the location of estate planning documents, estate planning may also require only an occasional review.
Start the process by establishing and prioritizing specific and measurable, short, mid, and long-term goals, develop a plan with your advisor, and analyze your progress at mid or yearly reviews.
Insurance planning involves analyzing what types of insurance is needed for the protection of a person’s assets and the protection of their ability to create assets, for instance unemployment. At JBG, insurance planning is part of our global approach addressing your assets, their protection, and creation. Different kinds of insurance help protect you and your loved ones in different ways against the cost of accidents, illness, disability and death. JBG will assist you in making insurance decisions based on your family, age, and your total financial plan.
We are happy to review your term, life, and annuities at no charge. Annuities have changed a lot over the last few years and we would be happy to explain all of the features, riders, and benefits.
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